Sheetal Universal Ltd - IPO

Sheetal Universal Ltd IPO Details

Public issue of 3400000 equity shares of face value of Rs. 10/- each of Sheetal Universal Limited (Sheetal Universal or the Company or the Issuer) for cash at a price of Rs. 70 per equity share including a share premium of Rs. 60 per equity share (the Issue Price) aggregating to Rs. 23.80 crores (The Issue), of which upto 172000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 70 per equity share including a share premium of Rs. 60 per equity share aggregating to Rs. 1.20 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of upto 3228000 equity shares of face value of Rs. 10/- each at a price of Rs. 70 per equity share including a share premium of Rs. 60 per equity share aggregating to Rs. 22.60 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 29.68% and 28.18% respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10/- each and the issue price is Rs. 70 the issue price is 7.00 times of the face value.

Objective of issue

Funding capital expenditure. Working capital Requirement. General corporate purposes.

Sheetal Universal Ltd Contact Details

Sheetal Universal Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@sheetaluniversal.com

Website - www.sheetaluniversal.com